DuPont completes tender offer for Danisco

DUPONT, which successfully completed its tender offer for Danisco through its wholly owned subsidiary DuPont Denmark Holding ApS, said it can now move on to the process of integrating Danisco's attractive speciality food ingredients businesses and Genencor's leading industrial enzymes in its Nutrition & Health and Applied BioSciences offerings.

"This combination will create an industry leader in industrial biosciences and nutrition and health. These businesses will work together to drive sustainable growth and market-driven innovation by linking agriculture, nutrition and advanced materials through industrial biosciences," said DuPont chair and CEO Ellen Kullman.

The two companies can now begin to move forward together, said Danisco chairman Jorgen Tandrup. "DuPont and Danisco share cultures based in exceptional science and research capabilities. Our combined strengths in biosciences and nutrition and health will deliver innovative new offerings for customers worldwide, whilst helping to grow these businesses in ways that will benefit employees, shareholders and the communities in which we serve. We look forward to this next exciting chapter of discovery and success for the joined companies," Mr Tandrup said.